Timing has an uncanny way of throwing your investing into chaos. Trying to time your investing often leaves you timed out. Events always play the culprit that spoils every market timer’s party. Events turn things around swiftly giving little time for a response. The flurry of reforms flooding our minds…
Quick Edit: The finance minister and his team are doctors who know the right cure for the dire situation. The patients, in this case our people, know that the situation warrants tough calls being taken. But, the relatives of the patients, the politicians, are playing around the decisions with reckless…
Quick Edit: Investing is not just about deploying money. It is more about doing time with an investment. But, investors mostly ignore the time component and focus on the money component. Play. How you play the time component is what determines the outcome of your investing. Sadly, this is every…
Quick edit: Every waiting game has to end. In investing, merely waiting for the right moment will not deliver investment success. In this instance, most investors have been waiting since 2008 for one thing – the perfect moment to buy. The market bottoms of 2009 and 2011 did not give…
Quick edit: Have you even tried predicting the imminent arrival of rains? How did you do it? The smell of rains is an obvious signal that actually told you the rains are near. And, mostly, the rains seldom disappointed. The markets have a smell of their own. Do you have…
Quick Edit: India’s transition from a crony capitalist regime to a market driven one seems to be a never ending one. First, we dismantled the old licensing regime with great difficulty in the nineties. But, licensing made a swift comeback in sunrise sectors like power, telecom and infrastructure, albeit through…
Quick Edit: The big boys of the 2008 stock boom are all trading at a fraction of their peak rates. Reliance, ADAG, DLF, BHEL, L&T & BHARTI AIRTEL have all shown little resilience and look a pale shadow of the market movers they once were. Yet, our indices are showing…
Quick Edit: The power of hoarding is such that it can actually make you believe that the manipulated price that gets thrown up is for real. Once the power to hoard goes, the price will simple fall. This truth is universal. Wealth is mostly lost because we believe that hoarding…
Quick Edit: The policy window, a period when parliament is not in session starts now. If the government is serious about reforms, it should be moving now. And, fast. What can be done to remove the stigma of being an underachiever? The expectations are actually not centered on performance. It…
Quick edit: The earnings guidance, a concept hugely popularized by Infosys in India, displayed its downside this week. When Infosys performed marginally below the quarterly guidance, investors turned viciously punitive. Investors overreacted to the earnings disappointment. The management actually stopped giving quarterly guidance for the first time. Now, there is…
Quick Edit: Followers do little to themselves; they mostly contribute to the winner’s kitty. Investors who wait to see the right signs all around them mostly end up being followers. By the time the media turns bullish, valuations would have run up substantively. Watching business TV has many downsides. But,…
Quick Edit: Portfolio churn isn’t always an avoidable idea. While constant churning of portfolios is a strict no-no, selective churning has its advantages. In fact, it is a powerful tool to rejig your book when markets come out of a bad phase like the current one. Churning actually can help…